8150 Pelleaux Rd, Knoxville, TN 37938

Knoxville
Local realty services provided by:Better Homes and Gardens Real Estate Gwin Realty
8150 Pelleaux Rd,Knoxville, TN 37938
$3,200,000
  • 2 Beds
  • 2 Baths
  • 1,350 sq. ft.
  • Single family
  • Active
Listed by: azaan kherani
Office: southland realtors, inc
MLS#:1346602
Source:TN_KAAR

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$2,370.37

About this home

Attention developers and builders! This is the Kelley Farm--40 contiguous acres of high-potential East Tennessee land perfectly positioned for a premier residential community in the heart of Halls Crossroads, just 20 minutes north of downtown Knoxville. Featuring approximately 31 acres of cleared, open pasture and 9 acres of beautiful woodland, this site is currently zoned to accommodate 3.5 units per acre for an immediate yield of 142 total units. With a solid concept plan, there is an excellent path to re-zone to 4 units per acre, pushing your maximum potential to 162 total units. Infrastructure logistics are highly favorable, boasting over 1,500 linear feet of premium frontage along Norris Freeway, seamless main access from Pelleaux Road, and all essential utilities readily available right at the street. Adding immediate value, the original farmhouse on the property is currently occupied by a month-to-month tenant generating $1,000 per month in rental income, providing a steady...

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Home facts

  • Year built:1963
  • Listing ID #:1346602
  • Added:1 day(s) ago
  • Updated:July 01, 2026 at 10:19 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Rooms Total:6
  • Flooring:Hardwood
  • Basement:Yes
  • Basement Description:Slab, Unfinished, Walkout
  • Living area:1,350 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1963
  • Building area:1,350 sq. ft.
  • Lot area:40.46 Acres
  • Architectural Style:Traditional
  • Construction Materials:Brick, Frame

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$2,370.37

Parking

  • Parking description:Attached, Basement, Off-Street Parking, RV Parking
  • Garage spaces:1

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